BXMT vs. BXSL
BXMT (Blackstone Mortgage Trust, Inc.) and BXSL (Blackstone Secured Lending Fund) are both stocks. BXMT operates in REIT - Mortgage (Real Estate), while BXSL operates in Asset Management (Financial Services). Over the past 3 years, BXMT returned 8.81%/yr vs 8.14%/yr for BXSL. At a 0.33 correlation, their price movements are largely independent.
Performance
BXMT vs. BXSL - Performance Comparison
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Returns By Period
In the year-to-date period, BXMT achieves a -2.32% return, which is significantly higher than BXSL's -6.08% return.
BXMT
- 1D
- -0.82%
- 1M
- -0.60%
- YTD
- -2.32%
- 6M
- -5.94%
- 1Y
- 3.51%
- 3Y*
- 8.81%
- 5Y*
- -1.92%
- 10Y*
- 4.94%
BXSL
- 1D
- -0.13%
- 1M
- 1.31%
- YTD
- -6.08%
- 6M
- -10.19%
- 1Y
- -16.05%
- 3Y*
- 8.14%
- 5Y*
- —
- 10Y*
- —
BXMT vs. BXSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BXMT Blackstone Mortgage Trust, Inc. | -2.32% | 21.13% | -7.90% | 13.46% | -24.03% | -3.71% |
BXSL Blackstone Secured Lending Fund | -6.08% | -9.36% | 29.02% | 37.82% | -26.03% | 32.04% |
Correlation
The correlation between BXMT and BXSL is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.33 |
The correlation between BXMT and BXSL shifts across timeframes, from 0.33 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
BXMT:
$3.08B
BXSL:
$5.56B
BXMT:
$0.61
BXSL:
$1.80
BXMT:
30.07
BXSL:
13.31
BXMT:
2.03
BXSL:
7.79
BXMT:
0.90
BXSL:
0.91
BXMT:
$1.54B
BXSL:
$706.98M
BXMT:
$960.53M
BXSL:
$831.73M
BXMT:
$957.49M
BXSL:
$525.53M
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Return for Risk
BXMT vs. BXSL — Risk / Return Rank
BXMT
BXSL
BXMT vs. BXSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Mortgage Trust, Inc. (BXMT) and Blackstone Secured Lending Fund (BXSL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BXMT | BXSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.88 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | -0.69 | +0.98 |
| Martin ratioReturn relative to average drawdown | 0.67 | -1.03 | +1.70 |
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Drawdowns
BXMT vs. BXSL - Drawdown Comparison
The maximum BXMT drawdown since its inception was -97.98%, which is greater than BXSL's maximum drawdown of -36.80%. Use the drawdown chart below to compare losses from any high point for BXMT and BXSL.
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Drawdown Indicators
| BXMT | BXSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.98% | -36.80% | -61.18% |
Max Drawdown (1Y)Largest decline over 1 year | -12.02% | -23.47% | +11.45% |
Max Drawdown (3Y)Largest decline over 3 years | -23.29% | -24.21% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -43.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -67.86% | — | — |
Current DrawdownCurrent decline from peak | -34.43% | -20.27% | -14.16% |
Average DrawdownAverage peak-to-trough decline | -49.05% | -14.14% | -34.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.25% | 15.63% | -10.38% |
Volatility
BXMT vs. BXSL - Volatility Comparison
Blackstone Mortgage Trust, Inc. (BXMT) has a higher volatility of 6.94% compared to Blackstone Secured Lending Fund (BXSL) at 5.45%. This indicates that BXMT's price experiences larger fluctuations and is considered to be riskier than BXSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXMT | BXSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.94% | 5.45% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 16.74% | 16.43% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.74% | 20.20% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.76% | 23.87% | +3.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.63% | 23.87% | +8.76% |
Dividends
BXMT vs. BXSL - Dividend Comparison
BXMT's dividend yield for the trailing twelve months is around 10.31%, less than BXSL's 12.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXMT Blackstone Mortgage Trust, Inc. | 10.31% | 9.83% | 12.52% | 11.66% | 11.71% | 8.10% | 9.01% | 6.66% | 7.78% | 7.71% | 8.25% | 8.52% |
BXSL Blackstone Secured Lending Fund | 12.87% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
BXMT vs. BXSL - Financials Comparison
This section allows you to compare key financial metrics between Blackstone Mortgage Trust, Inc. and Blackstone Secured Lending Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
BXMT and BXSL have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BXMT has higher volatility (6.94%) compared to BXSL (5.45%). In terms of maximum drawdown, BXMT dropped -97.98% vs BXSL's -36.80%.
BXMT currently has the higher Sharpe Ratio (0.16 vs -0.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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